On January 1, Year 1, Sheffield Co. issued bonds with a face value of $460,000, a term of ten years, and a stated interest rate of 6% The ponds were issued at 105, and interest is payable each December 31. Sheffield uses the straight-line method to amortize bond discounts and premiums. What is the carrying value of the bonds at December 31, Year 4? Multiple Choice O $469 200 o o 5473,800 5471500 O $450,000 North Woods Company has a line of credit with Olympia State Bank North Woods agreed to pay interest at an annual rate equal to 3% above the bank's prime rate. Funds are borrowed or repaid on the first day of each month and interest is paid in cash on the last day of each month. Borrowing is shown as a positive amount, and repayments are shown as negative amounts indicated by parentheses. Activity to date is given as follows: Prime Rate for the Month Month January February March Amt. Borrowed (Repaid) $ 40,000 60,000 (40,000) What is the amount of interest paid at the end of March? (Do not round your intermediate calculations.) Multiple Choice O $1500 s1500 O s3000 O s2670 $250.0